WebELSS (Equity Linked Savings Scheme) The full form of ELSS makes it self-explanatory that it is a equity based mutual fund. Basically a tax saving mutual fund that helps you avail … Web13 hours ago · Old vs new tax regime: Have you opted for the new income tax regime for financial year 2024-24? If yes, then some investment options still make sense for you. …

Top performing ELSS tax-saving mutual funds in 5 years

WebFeb 8, 2024 · Both ELSS and ULIP are tax-exempt up to Rs. 1.5 Lakh in a financial year under Section 80C. However, once the units of ELSS and ULIP are redeemed after their respective lock-in periods of 3 and 5 years, they are subject to tax. ELSS is taxed like the equity funds whereas the ULIP is taxed as per the new norm of the government under … WebELSS, or equity-linked savings scheme, is the only tax-deductible mutual fund and falls under section 80C of the Indian income tax act 1961. It is more inclined toward equities … grand canyon village historic district

Investing in tax-saving mutual funds: How to choose ... - MoneyControl

WebJan 22, 2024 · Tax gain harvesting in an ELSS fund is a strategy where an investor sells units of the fund that have appreciated in value, in order to realize a gain of upto ₹ 1 lac which is exempt from tax. WebUse Motilal Oswals ELSS calculator to estimate your tax savings. Our ELSS calculator helps you choose the right investment amount and tenure to meet your financial goals. … WebIncome tax benefits to the mutual fund & to unit holders are in accordance with prevailing tax laws. Equity Linked Saving Schemes (ELSS) or tax saving mutual fund schemes help investors save tax under Section 80C of the Income Tax Act, 1961. Investments in ELSS are subject to a lock-in period of 3 years and qualify for a tax deduction of up to ... chinela brush font